Meme Launchpad War Heats Up: PUMP Rallies Against the Trend, New and Old Players Show Their Moves
War Review: A Month of ‘Dual Domination’
Since early July, the ‘meme launchpad war’ between pump.fun and Letsbonk.fun has lasted for a month. During this period, pump.fun completed one of the largest ICOs in crypto history, while Letsbonk.fun later emerged to overtake and suppress the former’s market share. Now, new variables have been added to the battle—new players joining, divergent performance of ecosystem tokens—and this ‘war’ is entering a more complex phase.
pump.fun: Ecosystem Tokens Rally, First Counterattack After Silence
On July 24th, pump.fun founder @a1lon9’s live stream was dubbed a ‘PR disaster’ by netizens—during the stream, $PUMP plummeted 15%, with a single-day drop of nearly 20%, and its market cap once fell below $3 billion. For the next half-month, pump.fun fell silent, and the gap in market share with Letsbonk.fun did not narrow.
But a turning point came after July 30th: ‘sub-new tokens’ in the ecosystem exploded against the trend. Among the ‘officially recommended’ tokens mentioned in pump.fun’s official tweet, $TROLL soared up to 9x since July 25th, with a market cap exceeding $100 million; $Tokabu rose nearly 5x, hitting $35 million; $USDUC and $CHILLHOUSE also surged around 2x. These new tokens maintained community activity and content output amid market instability, aligning with pump.fun’s vision for ‘sustainable meme coins’.
In early August, pump.fun finally broke its silence, launching the ‘$PUMP buyback data dashboard’: over the past 6 days, it repurchased ~8,740 SOL, accounting for 102% of its revenue. This is seen as the first step in its counterattack, but with major exchanges like Binance pausing Solana meme token listings, it still needs to explore more possibilities.
Letsbonk.fun: Hot New Tokens Keep Coming, Large-Cap Tokens Pull Back
Over the past 7 days, Letsbonk.fun has maintained the top spot with over 50% market share, continuing the ‘new token wealth myth’—recent hotspots like $Ani were born here, called ‘taking over pump.fun’s successful script’.
However, ‘large-cap tokens’ in its ecosystem have collectively pulled back: $USELESS dropped from $400 million to ~$200 million, $memecoin fell from $60 million to $11 million, and $Bluechip even crashed from $17 million to $1.5 million. Despite ongoing official buybacks and ecosystem support, short-term growth seems to have hit a bottleneck.
New Players Enter: Bags Uses ‘Donation Narrative’ for Hype, Moonit Bets on AI Auto-Tokenization
Beyond the two leaders, old platforms Bags and Moonit are also trying to break through:
– Bags focuses on ‘donation narratives’: $CANCER donates 100% of trading fees to a breast cancer charity, contributing $35,000 so far; $WINRAR directs revenue to WinRAR’s official Twitter, even getting a reply. But such tokens ‘come and go quickly’ and have now dropped sharply.
– Moonit partnered with 9 GAG, Memeland, etc., to launch an AI protocol, claiming to ‘automatically identify hot memes and tokenize them’—equivalent to a ‘9 GAG hot topic auto-launchpad’. But technology ≠ liquidity, and keep consensus and connecting communities remain challenges; no leading token has emerged yet.
Conclusion: The War Is Far From Over—Confidence Is Key
Competition among meme launchpads will continue—pump.fun relies on ecosystem token recovery, Letsbonk.fun holds onto new token territory, and new players try to break through with ‘narrative innovation’. But everyone faces the same challenge: how to restore market confidence in meme coins?
After all, the lesson of the Meme boom is clear: no matter how advanced the tools, without consensus, they cannot sustain. Only ecosystem vitality and community trust can make this ‘war’ ultimately benefit the entire meme token market and players.
Read More《PUMP逆势上涨，meme发射台近两周大战不断》
This content is AI-generated and does not constitute investment advice. Please exercise your own rational judgment.
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